Are you a benefits-eligible employee under age 29? Have you been working at CC for at least a year? Did you know that you can make an election to participate in CC’s retirement plan and receive a 10% of pay retirement contribution from CC?
CC’s 403(b) retirement plan is mandatory for benefits-eligible employees who
are 29 years of age, with 1 year of service during which they worked at least
1000 hours. Participants in the mandatory portion of the plan are required to
contribute 5% of their pay to the plan and the college contributes 10% of their
pay to the plan.
You can make an irrevocable election PRIOR TO AGE 29 to contribute 5% of your pay once you meet the eligibility requirements and that entitles you to receive the 10% CC contribution. If you are eligible, consider making that irrevocable election now so you don’t leave 10% of your pay on the table!
If you are interested in signing up, contact Gina Lujan (elujan@coloradocollege.edu / 719-389-6104) or Laurie Mozingo
(lmozingo@coloradocollege.edu / 719-389-6422) for the appropriate form!
Posted by elujan@coloradocollege.edu for the August 31, 2018 digest.